SOURCE: Cinemaya Media Group Inc.

September 17, 2008 10:18 ET

Cinemaya Media Group Inc. Announces Dividend

CORAL SPRINGS, FL--(Marketwire - September 17, 2008) - Cinemaya Media Group Inc. (PINKSHEETS: CNMY) announced today a share dividend.

The board of directors has approved a dividend of 1 restricted common share for every 3 shares of Cinemaya Media Group stock held and outstanding at the close of business on September 29, 2008, and will paid on the ex-dividend date on October 31, 2008. No fractional shares will be computed or issued in this transaction.

"This dividend is a benefit to each shareholder of Cinemaya Media Group Inc. and represents management's dedication to bring value to its shareholders. Management continues to explore all of its options for company growth and we understand that this has been a tough year for the stockholders and the company wants to let our shareholders know that the board is working on growing the company and rewarding our loyal shareholders and we feel this is the first step towards doing so," stated Rick Papaleo, President of Cinemaya Media Group.

All financial information filed for compliance related to this transaction will be posted on the company website as it becomes available.

Visit to view updated financials.

Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: The statements contained in this release that are not historical, are forward-looking statements that are subject to risks and uncertainties that could cause results to differ materially from those expressed in the forward-looking statements, including but not limited to certain delays and risks detailed from time to time in the company filings with the Securities and Exchange Commission.

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